The renaissance of Walker Tower, the 24-story Art Deco office building at 212 West 18th Street that put Chelsea on the skyscraper map after Ralph Thomas Walker designed it for the New York Telephone Company in 1929, has been emphatic.

A penthouse in Manhattan’s Chelsea neighborhood has closed for $50.9 million. According to listing agent Vickey Barron of Douglas Elliman, the deal sets a new record for the most expensive home sale downtown.

As expected, the penthouse of Chelsea’s highly-acclaimed Walker Tower sold for more than $50 million, setting a new record for the most expensive home ever sold in Downtown Manhattan. The Journal reports that the all-cash deal closed for $50.9 million, and, evidently, the unnamed buyer was in the space “less than five minutes” before stating “I’ll take it.” Because $50M spur-of-the-moment decisions are never…

The penthouse of Chelsea’s Walker Tower recently went under contract, breaking a record for the area. Co-developer JDS Development’s managing partner Michael Stern said the sale was finalized for just “a hair under” the asking price of $55 million, making it the most expensive residential sale in downtown Manhattan to date. The massive, 5,955-square-foot, full-floor…

The leading real estate developer, JDS Development Group, is erecting a 1,350-foot tower ascending from the Steinway Building’s courtyard at 107 West 57th Street. The Landmarks Preservation Commission sanctioned the project, which includes plans for the restoration of the Steinway Building and the creation of new luxury residences. Upon completion, the skyscraper will boast spectacular…

The Landmarks Preservation Commission was sort of surprisingly okay with SHoP Architects’ proposed 1,350-foot residential tower at 107 West 57th Street, the site of the landmarked Steinway Building (which will also be restored), when it was presented two weeks ago.

Michael Stern’s JDS Development and Property Markets Group are planning a skinny skyscraper condominium on West 57th Street which will be 100 feet taller than the Empire State Building and even soar over Gary Barnett’s One57.